PRC 🇨🇳 And KSA 🇸🇦 Strengthen Ties With $10 Billion Petrochemical Plan|OilPrice

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  1. One notable project is the YASREF Yanbu Refinery, a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec) located in Yanbu Industrial City on the west coast of Saudi Arabia. The refinery produces a range of products, including petrochemicals, which are exported to China and other countries.

    Additionally, in 2019, Saudi Aramco signed a framework agreement with NORINCO Group, a Chinese state-owned enterprise, to develop a fully integrated refining and petrochemical complex in Panjin, China. The project aims to produce a range of high-quality refined and petrochemical products to meet growing demand in China.

    Overall, Saudi Arabia and China have a long-standing partnership in the energy sector, and their collaboration in the petrochemical industry is expected to continue to grow in the coming years.

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